closed corporation


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Related to closed corporation: closely held corporation

closed corporation

n.
A corporation in which the shares of stock are held by relatively few persons and are not publicly traded. Also called close corporation.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

closed corporation

n
(Commerce) US a corporation the stock of which is owned by a small number of persons and is rarely traded on the open market. Also: close corporation
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

closed′ corpora′tion


n.
an incorporated business owned by a few individuals who seldom sell their stock and so retain control.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.closed corporation - a corporation owned by a few people; shares have no public market
corp, corporation - a business firm whose articles of incorporation have been approved in some state
family business - a corporation that is entirely owned by the members of a single family
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Karmin Peru is a private closed corporation (a Sociedad Anonima Cerrada) existing under the laws of the Republic of Peru, and held 100% of Karmin's right, title and interest in the mining concessions that form part of, and are known as, the Cushuro Gold Project, located in the Province of Sanchez-Carrion within the Department of La Libertad, Peru.
Patkotak explained those issues were "keeping the corporation a closed corporation ...
Turkmenistan has launched the first closed corporation - NAPECO national oil and gas company, according to the press service of the Turkmen President.
"I was in shock after it happened." A Cleveland Police spokeswoman said officers closed Corporation Road to traffic between Kirkleatham Lane and Mersey Road after the crash took place.
A memorandum presented by the Minister of Transportation on converting a closed corporation agreement to an open corporation with APM Terminals, received cabinet approval, the Spokesperson also said.
Those are transactions of transformation of a public corporation into a closed corporation or into a partnership when all shares are bought by a small group of investors.